{"id":460667,"date":"2011-07-14T08:53:33","date_gmt":"2011-07-14T08:53:33","guid":{"rendered":"http:\/\/www.ghanamma.net\/2011\/07\/14\/six-banks-present-149-trucks-worth-20-8m-to-global-haulage-company\/"},"modified":"2011-07-14T08:53:33","modified_gmt":"2011-07-14T08:53:33","slug":"six-banks-present-149-trucks-worth-20-8m-to-global-haulage-company","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2011\/07\/14\/six-banks-present-149-trucks-worth-20-8m-to-global-haulage-company\/","title":{"rendered":"Six banks present 149 trucks worth $20.8m to Global Haulage Company"},"content":{"rendered":"
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You Are Here: Home<\/a> \u00bb General News<\/a> \u00bb Six banks present 149 trucks worth $20.8m to Global Haulage Company<\/p>\n

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Page last updated at Thursday, July 14, 2011 8:08 AM \/\/ <\/span><\/div>\n

\"\"<\/a>A consortium of six banks on Wednesday presented 149 tractors, trailers, tippers, cargo trucks and concrete mixers worth $20.8 million to the management of Global Haulage Company Limited in Accra.<\/p>\n

The banks are Merchant Bank, Ghana Commercial Bank, National Investment Bank, Intercontinental Bank, Barclays Bank and HFC Bank.<\/p>\n

Mr Joe Gidisu, Minister of Roads and Highways, in a speech read for him by the Deputy Minister, Dr Nii Quaye-Kumah, said major challenges posed to the development and maintenance of road infrastructure were premature deterioration of the roads especially truck road infrastructure.<\/p>\n

\u201cThis challenge is exacerbated by the need to haul large quantities of assorted goods usually within a short period by trucks from neighbouring land locked countries,\u201d he said.<\/p>\n

Mr Gidisu entreated all haulage companies to abide by the law on axle load limits to maintain the road, adding that; \u201cRoads are very expensive but important assets to the country and its preservation is therefore paramount.\u201d<\/p>\n

Dr Kwabena Duffuor, Minister of Finance and Economic Planning, said the huge facility provided by the banks showed the commitment of financial institutions to support entrepreneurs and businesses in the country.<\/p>\n

He said the high growth of agricultural production and other economic activities could not be sustained without adequate and efficient transportation facilities and equipment.<\/p>\n

Dr Duffuor said good roads and railway system, good warehousing facilities and adequate equipment were required to support the hauling of goods from the producing centres to the markets and ports.<\/p>\n

He expressed the hope that the trucks and trailers would be used to support the company to transport agricultural produce from the hinterland to urban centres.<\/p>\n

Dr Duffour observed that the institutions had demonstrated to support government efforts in placing the economy on a high growth rate.<\/p>\n

The Finance Minister urged managements of the banks to review their interest rates because they constituted a big proportion of the operating costs of businesses they supported.<\/p>\n

He called on them to help nurture university and polytechnic graduates to develop entrepreneurial spirit and provide them with technical advice and financial support for business start-ups.<\/p>\n

Dr Duffuor appealed to financial institutions to continue to partner government and the private sector to grow and develop the country.<\/p>\n

Alhaji Adamu Iddrisu, Board Chairman of Global Haulage Company, expressed appreciation to the banks for their support.<\/p>\n

He said management as a policy changed their vehicles after every four years due to the nature of the roads in the cocoa producing centres.<\/p>\n

Mr Francois-Xavier Thinet, Vice-President of Renault Trucks International, said the company was associating with its local partners to enter the African automobile market.<\/p>\n

He expressed the hope that when they finally entered the Ghanaian market they would help develop the transportation industry.<\/p>\n

Source: GNA<\/p>\n

Comments<\/h4>\n<\/div>\n

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You Are Here: Home \u00bb General News \u00bb Six banks present 149 trucks worth $20.8m to Global Haulage Company Page last updated at Thursday, July 14, 2011 8:08 AM \/\/ A consortium of six banks on Wednesday presented 149 tractors, trailers, tippers, cargo trucks and concrete mixers worth $20.8 million to the management of Global Haulage Company Limited in Accra. 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